Retail TouchPoints

JUNE 6, 2022

As grocers around the world work furiously to meet consumers’ demand for delivery without breaking the bank, Chinese online grocer Missfresh looks to have a winning model. Where Chinese consumers do need some convincing, however, is in buying fresh produce online. One way to ensure the freshness Chinese consumers demand is speed.

Grocer 317

Grocer Inventory Turnover Fulfillment Shopping 317

Retail TouchPoints

FEBRUARY 28, 2024

Analysis-ready models eliminate the need for manual data engineering, science and analysis, all of which can be time-consuming and prone to error. Merchandising Performance model: This model helps retailers analyze the performance of their products by tracking metrics such as sales, margins and inventory turnover.

Inventory Turnover 257

Inventory Turnover Supply Chain Management Store Layout Marketing 257

Retalon

AUGUST 22, 2023

As a retailer, effectively managing your inventory is critical to the success of your business. One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Wiser

MARCH 11, 2025

By integrating regular visits (daily, weekly, or monthly), you can track accurate trends around inventory turnover and on-shelf compliance. Dollar Store Retailers Common Challenges Dollar stores serve cost-sensitive audiences, typically in smaller footprints with a high turnover of merchandise. By reviewing key sections (e.g.,

Beauty and Health 78

Beauty and Health Promotions Inventory Turnover Location 78

Inside Retail

FEBRUARY 26, 2024

There are several economic factors playing havoc with consumers and business operations that are likely to persist into 2024. Consumer sentiment remains low as households stagger under higher costs of living and interest rates. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Inside Retail

JULY 18, 2024

Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. Cormack says the optimal inventory turn rate is around nine times annually – or every 40 days.

Planning 147

Planning Inventory Turnover Consumer Location 147

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Inside Retail

JANUARY 30, 2024

Evri’s partners will gain valuable insights into the Chinese market, including consumer behaviour, marketing and pricing strategies, product selection advice, and online operational strategies tailored to the unique demands of the Chinese market.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 17, 2024

With a surge in consumer demand, retailers must juggle inventory, staff, and customer service efficiently to maximize sales and ensure smooth operations. These tools allow retailers to: Share updates on inventory levels, promotions, and store changes quickly. Streamline coordination between different departments (e.g.,

Inventory Management 111

Inventory Management Inventory Turnover Management Customer Experience 111

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Storis

MAY 23, 2024

Effective cash flow management is the lifeblood of any retail operation, especially in the face of supply chain disruptions. In the context of furniture retail, where capital investments in inventory can be substantial, proactive cash flow management is crucial for maintaining financial stability and seizing growth opportunities.

Inventory Turnover 52

Inventory Turnover Payment Services Dead-Stock Inventory Management 52

CJ Retail Solutions

DECEMBER 8, 2024

Monitoring and managing inventory helps prevent stockouts and ensures that kiosks are always stocked with necessary supplies. This involves not only tracking inventory but also analyzing sales data to forecast demand accurately.

Kiosk 52

Kiosk Shopping Inventory Management Inventory Turnover 52

Retail Minded

MAY 3, 2023

Managing inventory is a crucial element of every retail business. Retailers know that inventory management is time-consuming and can pose difficulties. Thanks to technology-enabled best practices, managing inventory is easier than ever. It improves accuracy and saves time compared to manual counting.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

DMS Retail

JANUARY 29, 2024

Category management is a vital aspect of business management, promising tangible benefits that require effort and strategic thinking. To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management.

Management 40

Management Inventory Turnover Promotions Inventory Management 40

Retalon

FEBRUARY 10, 2022

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Indicators you’re managing bad inventory. A low rate of inventory turnover.

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Storis

SEPTEMBER 16, 2024

Modern retailers are grappling with evolving consumer expectations, the relentless pace of technology change, and fierce competition that marks today’s global marketplace. Amidst these challenges, the optimizing supply chain management is a critical factor in business success.

Payment Services 52

Payment Services Supply Chain Management Inventory Turnover Inventory Management 52

Shopper Motion

DECEMBER 16, 2020

It is undeniable that the job of a Category Manager is essential for the correct functioning of a grocery store. Our goal in this post is to support Category Management with fresh ideas and trends so that they have all the information needed when designing strategies for 2021 with the ultimate target of increasing their sales.

Management 52

Management Promotions Inventory Turnover Shopping 52

Retalon

AUGUST 14, 2023

Does your retail business struggle with outdated inventory systems and cumbersome spreadsheets? Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. Furniture inventory management software offers a smarter solution. What Exactly is Furniture Inventory Management Software?

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

I Vend

JANUARY 18, 2025

It is very essential to manage multiple store locations in an efficient manner for business success. iVend’s Retail Management Solution iVend helps enterprise retailers run efficiently and effectively. iVend’s Retail Management Solution iVend helps enterprise retailers run efficiently and effectively.

Location 52

Location Inventory Turnover Inventory Management Management 52

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. However, manual methods are time-consuming and prone to errors. Enter smart inventory management systems. They can guide you in the process of switching to smart inventory management systems.

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

Retalon

AUGUST 5, 2020

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

CJ Retail Solutions

AUGUST 26, 2024

Employing KPIs is crucial for retailers to keep a competitive edge and achieve long-term growth in the highly competitive retail environment of today, where consumers have a multitude of options. Retailers can assess how their marketing campaigns are influencing consumer spending and overall revenue by monitoring this metric.

Marketing 52

Marketing Visual Merchandising Inventory Turnover Store Layout 52

Retalon

FEBRUARY 10, 2025

This process is not only time-consuming but also increases the risk of outdated information influencing critical decisions. As a business grows and introduces more products, locations, and channels, the complexity of managing merchandise planning increases exponentially. Moreover, spreadsheets lack the ability to scale effectively.

Planning 41

Planning Inventory Turnover Markdowns Location 41

CJ Retail Solutions

NOVEMBER 18, 2024

Regular equipment inspections are a cornerstone of effective maintenance management. Inventory management and organization are crucial for keeping track of maintenance supplies and spare parts. Well-maintained equipment operates more smoothly and consumes less energy, which can lead to cost savings over time.

Shopping 52

Shopping Inventory Management Inventory Turnover Management 52

Retalon

FEBRUARY 15, 2022

When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers. Order fulfillment becomes more efficient; meeting consumer expectations by enabling lower shipping costs, faster fulfillment, and a greater variety of fulfillment options.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Rangeme

DECEMBER 16, 2021

While retailers and consumer packaged goods (CPG) suppliers have had to grapple with COVID-19 and digital transformation, now they must also manage reduced capacity along the global supply chain, hampering holiday sales success. An astonishing 98% of retail executives experienced supply chain issues ahead of the 2021 holiday season.

Shipping 52

Shipping Dead-Stock Beauty and Health Inventory Turnover 52

CJ Retail Solutions

AUGUST 8, 2024

This practice encompasses various techniques, including optimal product placement, visually appealing displays, and effective pricing strategies, all designed to influence consumer behavior positively. Beyond its impact on sales, product merchandising plays a crucial role in inventory management.

Cross Merchandising 52

Cross Merchandising Promotions Inventory Turnover Bundled Pricing 52

Retalon

FEBRUARY 15, 2024

Retail analytics insights directly impact sales and customer loyalty by enabling more personalized shopping experiences and efficient inventory management. This anticipates future trends such as consumer demand shifts or inventory needs before they happen – allowing retailers to prepare rather than react.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

Inside Retail

JUNE 28, 2022

“As a global lifestyle retailer, approximately 70 to 80 percent of our product portfolio is similar across the world, while the remaining 20 to 30 percent are unique products that have been designed and chosen according to trends and consumer demands from different local markets,” Huang explained. The marketplace. Backend intelligence.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

Inside Retail

FEBRUARY 10, 2025

Consumer expectations have been shaped by Amazon Prime’s same-day and next-day delivery and Uber Eats’ instant convenience, setting a high bar for retailers to meet. As its customer service manager, Stacey O’Neil, explains: “We use Uber a lot for two-hour delivery. ” And lock in the sale.

Inventory Turnover 162

Inventory Turnover Supply Chain Management Finance Fulfillment 162